BLOOMBERG - Grindr is set to save $17M in interest expenses after refinancing an expensive private loan. The LGBTQ+ dating app obtained a $300M term loan and a $50M credit facility at lower rates than their previous loan, which had an 8% margin over the benchmark. This move comes after high interest expenses due to rising benchmark rates. The refinancing, supported by major banks like JPMorgan and Bank of America, reflects a significant shift in financial backing for the LGBTQ+ community.
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Grindr Expects to Save $17M After Refinancing Expensive Private Debt
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